Tocqueville Asset Management L.P. Sells 93,235 Shares of Nutrien Ltd. (NYSE:NTR)

Tocqueville Asset Management L.P. trimmed its stake in shares of Nutrien Ltd. (NYSE:NTR - Free Report) by 15.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 526,243 shares of the company's stock after selling 93,235 shares during the quarter. Tocqueville Asset Management L.P. owned 0.11% of Nutrien worth $23,549,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Uncommon Cents Investing LLC increased its position in shares of Nutrien by 2.1% during the fourth quarter. Uncommon Cents Investing LLC now owns 11,550 shares of the company's stock valued at $517,000 after buying an additional 235 shares during the period. Rhumbline Advisers grew its stake in Nutrien by 3.5% during the fourth quarter. Rhumbline Advisers now owns 7,398 shares of the company's stock valued at $331,000 after acquiring an additional 247 shares in the last quarter. FFT Wealth Management LLC lifted its stake in Nutrien by 0.9% in the 4th quarter. FFT Wealth Management LLC now owns 29,732 shares of the company's stock worth $1,330,000 after purchasing an additional 277 shares in the last quarter. Atria Investments Inc boosted its holdings in Nutrien by 2.0% in the 3rd quarter. Atria Investments Inc now owns 14,636 shares of the company's stock valued at $703,000 after purchasing an additional 290 shares during the period. Finally, EverSource Wealth Advisors LLC grew its position in shares of Nutrien by 23.9% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,804 shares of the company's stock valued at $81,000 after purchasing an additional 348 shares in the last quarter. Hedge funds and other institutional investors own 63.10% of the company's stock.

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Nutrien Trading Up 0.1 %

Shares of NYSE:NTR traded up $0.03 on Friday, reaching $52.48. 2,457,868 shares of the company traded hands, compared to its average volume of 2,381,924. The stock has a market capitalization of $25.68 billion, a P/E ratio of 38.31, a price-to-earnings-growth ratio of 1.19 and a beta of 0.81. The business's 50-day simple moving average is $51.59 and its 200 day simple moving average is $48.79. The company has a current ratio of 1.27, a quick ratio of 0.82 and a debt-to-equity ratio of 0.38. Nutrien Ltd. has a 52 week low of $43.69 and a 52 week high of $60.87.

Nutrien (NYSE:NTR - Get Free Report) last posted its quarterly earnings results on Wednesday, February 19th. The company reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.09). Nutrien had a return on equity of 6.81% and a net margin of 2.62%. The company had revenue of $5.08 billion for the quarter, compared to the consensus estimate of $5.09 billion. As a group, equities analysts anticipate that Nutrien Ltd. will post 3.72 EPS for the current fiscal year.

Nutrien Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Investors of record on Monday, March 31st will be paid a $0.545 dividend. The ex-dividend date is Monday, March 31st. This represents a $2.18 annualized dividend and a dividend yield of 4.15%. Nutrien's payout ratio is presently 159.12%.

Analyst Upgrades and Downgrades

NTR has been the topic of a number of recent analyst reports. CIBC increased their price objective on Nutrien from $64.00 to $66.00 and gave the stock an "outperformer" rating in a research report on Tuesday, February 25th. Scotiabank raised their price target on Nutrien from $60.00 to $62.00 and gave the company a "sector outperform" rating in a report on Monday, February 24th. Wells Fargo & Company boosted their price objective on Nutrien from $53.00 to $56.00 and gave the stock an "equal weight" rating in a report on Friday, February 21st. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $60.00 target price on shares of Nutrien in a research note on Monday, February 24th. Finally, Raymond James upgraded shares of Nutrien from a "market perform" rating to an "outperform" rating and lifted their target price for the company from $58.00 to $60.00 in a research report on Tuesday, December 3rd. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, Nutrien presently has a consensus rating of "Hold" and an average price target of $60.13.

About Nutrien

Nutrien Ltd. provides crop inputs and services. The company operates through four segments: Retail, Potash, Nitrogen, and Phosphate. The Retail segment distributes crop nutrients, crop protection products, seeds, and merchandise products. The Potash segment provides granular and standard potash products.